Bank of America announced it will cease its efforts in wholesale mortgages and cut 3000 jobs.
Bank of America Job Cuts Blogs and Commentaries
Financial Times Blog: B of A gets the scythe out - but it's record promotions at Goldman (October 25, 2007)
BloggingStocks: Bank of America Cuts 3,000 People, Sacks Senior Exec (October 24, 2007)
Market Watch: B of A's Investment Banking Problem (October 25, 2007)
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